China Glass Holdings Secures Strategic Egyptian Land

China Glass Holdings Limited (HK:3300) has released an update.

China Glass Holdings Limited is set to expand its industrial and logistical footprint with the acquisition of land use rights in Egypt’s Special Economic Zone for USD 17.7 million. The land, covering approximately 491,931 square meters, will be utilized for medium and light industrial purposes until 2068. This strategic move is categorized as a discloseable transaction, as it meets the Hong Kong Stock Exchange’s notification requirements without needing shareholder approval.

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